Brookings Mountain West
Nevada, the state most affected by the Great Recession of 2008, faced one of the nation's worst state budget shortfalls in 2011. This presentation examines state budget drivers, including constitutional requirements, tax and spending limitations, federal statutes, demographics, and the resulting policy choices to evaluate how state-level decisions affect local jurisdictions that continue to cope with lower property values, foreclosures, and high unemployment. It will also discuss longer term challenges including rising health care costs and retiree pensions as well as issues surrounding implementation of the Affordable Care Act.
Expenditures, Public; Finance, Public; Global Financial Crisis, 2008-2009; Local budgets; Local finance; Local taxation; Nevada; Recessions
Economic Policy | Public Affairs, Public Policy and Public Administration | State and Local Government Law | Tax Law
Gordon, T. M.
Putting Nevada in Perspective: State and Local Government Budgets in Recession and Recovery.
Available at: http://digitalscholarship.unlv.edu/brookings_lectures_events/40